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The rand neared its all-time low against the dollar, reaching 19.8225 in early trade on Wednesday. Global risk aversion linked to Trump's tariffs and uncertainty over the ruling coalition drove the decline.
Currency weakness of this size raises the rand cost of dollar-denominated feed imports, which feeds through to higher local feed prices.
reuters.comApr 9, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
